The Iron Triangle, that apocalyptic auto-shop wasteland near Shea, “has never seemed suitable for housing,” but Mayor Bloomberg doesn’t see it that way. Just call it Tribeca with tetanus. [Gothamist]

Why are the sneaker pimps at Nike eyeing 3,200 square feet at 21 Mercer Street? (Hint: It has nothing to do with the area’s populous jogging community.) “The neighborhood has become a hot spot for major chains looking to attract New Yorkers and tourists alike.” [Crain's]